Ever thought about why current pension systems might not work as well as they could? A big issue is that they don't consider how much each person has contributed to raising the next generation. This is a problem because the current pay-as-you-go (PAYG) system treats everyone the same, even if they d
In a recent announcement, the Federal Reserve decided to lower their key interest rate by a small amount. This move comes as inflation is getting closer to the central bank's target of 2%. The Fed noted that while inflation is still a bit high, unemployment is low. They also mentioned that the job m
Ever wondered how international trade finance started? Let's hop back in time to the Middle Ages. Back then, trade finance was a local affair, with merchants and bankers creating their own unique financial tools. Picture this: a merchant in Italy might use a different method than one in China. As tr
Artificial Intelligence (AI) has been making waves in the finance industry for quite some time now. From traditional methods to the latest in AI and data science, finance has seen it all. But with great potential comes challenges. This review serves as a detailed guide, charting the difficult terrai
Are you tired of the usual way of looking at continuous-time finance? It's time to think outside the box with a new approach called causal functional calculus. Unlike traditional methods, this one doesn't rely on probabilities or integration theories. Instead, it focuses on a concept called self-fin
In a turn of events, Caroline Ellison, the former head of Alameda Research, reported to a federal prison in Connecticut on Thursday. This comes after her sentence of two years in prison last September for her role in the massive cryptocurrency fraud involving FTX. Ellison, who was a crucial witness
Elections always shake things up, and the latest one is no different. The Federal Reserve is planning to lower interest rates again on Thursday. Why? To tackle inflation, which has been bothering many Americans. But here's where it gets tricky. The new President-elect, Donald Trump, has some bold ec
Do companies gain from sharing their environmental, social, and governance (ESG) practices? Let's explore the impact on their intangible assets. When a company starts investing in ESG, it can boost its intangible capital, like reputation and customer trust. As time goes on and ESG investments grow,
Financial experts rely on factor models to grasp how different assets behave together and manage risks. But after major events like the COVID-19 pandemic, these models might need a reality check. That's where the mosaic permutation test comes in. It's a clever way to ensure your models are still doi
The world of cryptocurrencies is vast and growing rapidly, with thousands of different types now available. While there's a lot of diversity, there's also a fair amount of deceit, with scammers hoping to cash in on the current craze. To understand how unique these cryptocurrencies really are, resear
